{ "ticker": { "uuid": "eea8a923-71da-4b48-b110-cfb2127ae111", "symbol": "JMID", "name": "JANUS HENDERSON MID CAP GROWTH ALPHA ETF", "exchange": "NASDAQ", "country": "US", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "QQQ", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 71.717, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 69.434, "architecture_energy": 31.29, "architecture_maturity": 33.251, "architecture_confidence": 78.573, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 32.82, "rotation_up": 40.37, "upward_expansion": 64.98, "deceleration": 88.32, "rotation_down": 28.57, "downward_expansion": 14.32 }, "activity_lines": [ 31.10506, 31.040258, 30.96394, 30.58869 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 32.3773, "trend_reference": 30.197676, "distance_from_trend": 0.072179, "trend_direction": "Improving", "fair_value": 28.733189, "distance_from_fair_value": 0.126826, "fair_value_direction": "Improving", "relative_strength": -5.416256, "relative_strength_direction": "Improving", "price_momentum": 0.090513, "excess_performance": -0.096941, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.072179, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.019546, "read": "Rising" }, { "label": "Price 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decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Extended", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 0, "median_return": null, "positive_rate": 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"upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 37.959826, "energy": 21.305497, "activity_lines": [ 30.920252, 31.052607, 30.75923, 30.408226 ] }, { "date": "2026-07-24", "close": 30.1552, "volume": 54950, "typical_volume": 20531.0, "trend": 30.074411, "fair_value": 28.677257, "relative_strength": -7.440885, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.545527, "energy": 15.739539, "activity_lines": [ 30.639998, 30.885593, 30.753476, 30.414485 ] }, { "date": "2026-07-31", "close": 30.5145, "volume": 55476, "typical_volume": 22290.55, "trend": 30.117212, "fair_value": 28.696004, "relative_strength": -6.538215, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.996037, "energy": 18.549447, "activity_lines": [ 30.54962, 30.788395, 30.775656, 30.442878 ] }, { "date": "2026-08-07", "close": 32.3773, "volume": 6885, "typical_volume": 22106.55, "trend": 30.197676, "fair_value": 28.733189, "relative_strength": -5.416256, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 69.433889, "energy": 31.290473, "activity_lines": [ 31.10506, 31.040258, 30.96394, 30.58869 ] } ], "method": { "price_basis": "completed market observations", "trend": "Trend provides the primary directional reference.", "fair_value": "Fair Value provides long-term price context and is not a forecast or target.", "relative_strength": "Relative Strength shows leadership or lagging performance against the market benchmark.", "classification": "The SM framework combines Trend, Activity, Fair Value, Relative Strength and participation into a structural read." } } }